With U.S. stocks near record highs and Treasury bond yields near multi-month lows, the disconnect between equity and debt investors has rarely been as stark. After a wintry first quarter, stock investors are betting that economic growth is picking up, as evidenced by stronger spending figures and business demand. That’s boosted the cyclical stocks which react to rising demand, particularly energy shares. “The data are suggesting this may be the year when we turn the corner,” said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.